Is Valentine’s Day big business? Here’s the holiday by the numbers

SHARE Is Valentine’s Day big business? Here’s the holiday by the numbers
anniversary_1867767_1920_e1550091897241.jpg

| stock image via Pixabay

Whether it’s a made-up Hallmark holiday or not, Americans will spend more on Valentine’s Day than last year.

The National Retail Federation reports Americans will spend about $2 billion on flowers this year, about 10% of what people pay for Valentine’s Day gifts. And since those flowers don’t deliver themselves, UPS estimates it will deliver 88 million flowers to significant others, spouses or family members on the big day. That’s about 8 million pounds — or 514,000 boxes.

Related

About 55 percent of people will celebrate on Wednesday, the NRF estimates, and the average person will spend about $161.96, roughly $9 more than 2017.

The majority of the $20.7 billion to be shelled out this year will be spent on spouses or significant others — $12.1 billion.

Together, Americans will spend the most on jewelry — about $4.7 billion — and an evening out — $3.5 billion.

Read more at USA Today.

The Latest
The bodies of three men have been removed from an apartment building that collapsed May 28. One survivor is suing the current and former owners, alleging they failed to notify residents of deteriorating conditions.
The Bears want what they want, and whichever suburb decides to pony up will get what it has coming.
NHL
Jonathan Marchessault scored twice and started an early blitz that chased the NHL’s hottest postseason goalie, and Vegas seized control of the series with a 7-2 victory.
Cubs pitching coach Tommy Hottovy discussed the progress of several pitchers in Iowa, including Keegan Thompson.
Morel’s splits show that he hits better when he’s also playing in the field.